Perspective: City Living Still in Reach of Graduates ; the Boom in City Living and Increasing Property Prices has Left First-Time Buyers Struggling to Get On the Housing Ladder. But As Alun Thorne Discovered, All Hope Is Not Lost

Birmingham Post › March 04, 2005

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Summary

For many of Birmingham's young professionals, owning a smart new city centre apartment has seemed far from reality.

With student loans to pay off and salary packages not yet stretching to the multiples required, renting is seen as the only viable option.

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Extract

Perspective: City Living Still in Reach of Graduates ; the Boom in City Living and Increasing Property Prices has Left First-Time Buyers Struggling to Get On the Housing Ladder. But As Alun Thorne Discovered, All Hope Is Not Lost

With thousands of new apartments being built in the city, questions are now being raised as whether the young professionals they are designed to attract can actually afford to buy them.

New schemes are now emerging, however, to make city living more affordable. This year alone, Crosby Homes (Special Projects) will be offering over 100 discounte...

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